NEAR’s transparency report shows positive signs in network performance. In the past week the number of tokens in circulation has increased by 3 million tokens. The total number of active accounts has reached 22 million.
In its Friday transparency report, the NEAR network showed that the protocol and token are still going strong despite the market plunging into the collapse of Sam Bankman’s FTX empire – Fried.
The report says the total number of active accounts has grown rapidly, reaching 22 million. Currently, the average number of new accounts created on NEAR per day is between 35,000 and 38,000. However, this number is down from last week, averaging 37-39,000 accounts per day.
The number of tokens in the circulating supply has been steadily increasing. In the last week, another 3 million tokens were moved from the lock contract to the circulating supply, and the number of tokens in circulation increased from 827 million to 830 million.
In addition, the daily trading volume has increased and the daily average is now close to 1 million, a significant increase from before.
With big names like Andreessen Horowitz, Stake Capital and MetaStable behind it, it’s hard to ignore Near Protocol’s potential as it garners support.
With its user-friendly, easy-to-develop platform, Near Protocol could very well be the right solution for mass adoption of Web3 applications. And as more and more people start to use and understand the protocol, the demand for Proximity Protocol will only increase. The Near Protocol price prediction state could be as high as $4 by the end of 2024.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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